Press Release
CBRE Demonstrates Ongoing Commitment to Retail with Senior Regional Hire
November 15, 2023
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Global real estate advisor, CBRE, has today announced the appointment of Stephen Proudley as Executive Director and Head of Northern Retail.
Stephen will be responsible for spearheading CBRE’s retail offering in the North, using his knowledge, regional expertise and extensive client relationships to further elevate CBRE’s market-leading position in the sector.
Stephen joins from Savills, where he has been a director in the retail team for over five years. Prior to this, he was Head of North West Transactional Agency at Lambert Smith Hampton following the firm’s acquisition of Tushingham Moore in 2015. Stephen was one of five equity partners at Tushingham Moore, having joined in 1997.
A recognised, leading advisor in the retail market, Stephen has advised on some of the largest occupier transactions and flagship acquisitions across the shopping centre, out-of-town and high street sectors, with clients including Primark, Next and other major retailers.
Stephen’s appointment demonstrates CBRE’s continued commitment to its retail growth strategy, following the firm’s acquisitions of UK asset management and development management firm, Sovereign Centros earlier this month, and leading independent retail and leisure property consultancy, CWM last year.
Stephen brings with him a wealth of experience and has become a recognised, trusted advisor to many leading retailers, notably in the North. His appointment adds regional depth and gravitas to our 125-strong retail team at a strategic, senior level, further enhancing our ability to provide best-in-class service to our clients.
Stephen Proudley added: “It’s an exciting time to be working in the retail sector, following years of rapid change brought about by evolving consumer shopping habits and the growing demand for experience-led offerings. Activity levels are high, with occupiers seeing the true value of bricks-and-mortar stores and I’m really looking forward to joining CBRE at a time of significant opportunity.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.co.uk.